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1999 Florida Statutes
SECTION 28031
Ancillary Facilities Construction Trust Fund.
Ancillary Facilities Construction Trust Fund.
240.28031 Ancillary Facilities Construction Trust Fund.--
(1) The Ancillary Facilities Construction Trust Fund is hereby created, to be administered by the Department of Education. Funds shall be credited to the trust fund from the sale of revenue bonds and from the transfer from various auxiliary units. The purpose of the trust fund is to support the construction, maintenance, and repair of ancillary facilities in the State University System.
(2) Notwithstanding the provisions of s. 216.301, and pursuant to s. 216.351, any balance in the trust fund at the end of any fiscal year shall remain in the trust fund and shall be available for carrying out the purposes of the trust fund.
History.--s. 1, ch. 95-114.